He further said that retail inflows showed a healthy improvement of almost 30 per cent over the last month.

Besides, systematic investment plans (SIPs) continued to show an upward trend with contribution of Rs 7,985 crore last month as against Rs 7,727 crore in September.

Overall, the industry has witnessed an inflow of Rs 35,529 crore last month as against an outflow of Rs 2.3 lakh crore in September, which market participants attributed to nervousness among corporate investors following the IL&FS default.

Of the total inflow, equity has seen an infusion of nearly Rs 14,800 crore, however, income funds witnessed an outflow of over Rs 37,600 crore.